|
|
Article: US hotel industry in worsening scenario: report
- Article from:
- Xinhua News Agency
- Article date:
- February 24, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
|
US hotel industry in worsening scenario: report
WASHINGTON, Feb. 24 (Xinhua) -- The US hotel industry has been in
a worsening scenario as Americans have changed the way they travel
after the terrorist attacks on the country about 18 months ago.
The recovery of the hotel industry, which was predicted shortly
after the terrorist attacks on Sept. 11 2001, hasn't happened, the
Wall Street Journal reported Monday.
Moreover, the report quoted a leading accounting firm,
PricewaterhouseCoopers, as saying that there has been a permanent
restructuring of demand for the hotel industry at a new, lower level.
"When businesses start doing something new for two years, it